About Us
Rala was founded in 1996 with a clear goal: to provide a real estate finance partner that is both trustworthy and resourceful. We stand out from other mortgage brokers because our final charge is tied to the quality of the loan deal we secure for our customers.
So if you’re looking for a home equity loan but can’t get approval from your bank, we are the people to speak to. We strive to ensure that every deal we make is as empowering and effortless as possible.
Our Process
01Due Diligence
To ensure that you get the loan you need - and to provide you with best the deal the market has to offer - we will treat your finances with due diligence throughout the loan application process.
01Due Diligence
02Fair Service Charge
Other mortgage brokers make their money on the basis of a finder’s fee. But at Rala, our charge reflects the risk associated with the final loan agreement, so our fee depends on your loan deal.
02Fair Service Charge
03Access To Exclusive Lender’s Network
Rala is trusted by a huge network of lenders - and because they trust us, we know precisely how to negotiate with them on your behalf, making them more likely to lend at a good rate.
03Access To Exclusive Lender’s Network
04Arranging Secondary Lenders
Most of our deals involve a backup lender - and with our huge network of lenders, we will always find a secondary lender that can guarantee your loan deal.
04Arranging Secondary Lenders
05Going Through The Details
Once we’ve found a lender ready to facilitate your loan, we will help them draft a loan offer. Then we’ll explain the legal technicalities. After that, the money will be transferred to your lawyer.
05Going Through The Details
Our Main Services
Home Equity Loans
A home equity loan is a simple, one-off loan payment taken out against the value of your home. It’s a great way to finance renovations that will ultimately increase your home’s value.
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Second Mortgage
Taking-out a second mortgage can help you unlock the equity value in your home without having to sell it. It is particularly useful if you have a low rate on your first mortgage.
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Bad Credit Mortgage
If you’ve experienced financial problems in the past, you might have a poor credit rating. But through our huge network of lenders, we will find you a lender who understands your circumstances.
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Credit Repair
All sorts of things can damage your credit, from identity theft to unpaid college debt. But we can help you repair it by, for instance, disputing mistakes on your information made by credit agencies.
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Other Services
About Allan & Vik
Allan has been a mortgage broker for over thirty years. He specializes in hard-to-place mortgages and provides other mortgage brokers with sources of private financing, both residential and commercial. Running a small independent brokerage allows Allan to avoid red tape and offer flexible solutions to his clients.
Allan’s main hobby is thoroughbred horse racing. He enjoys competing in handicapping contests and visiting racetracks throughout North America.
Vik Mann has been a mortgage broker at Rala Investments Ltd. since 2012. During his time at Rala, he has worked on and completed 1st, 2nd, and 3rd mortgages.
Vik has established key relationships with private lenders across BC over the last few years. In the tough environment of 2nd and 3rd mortgages, he’s been very successful in both commercial and residential markets. Vik worked in construction development prior to Rala; he has extensive knowledge and experience with construction-related dealings.
Our Guarantee
- Same Day Approval
- No Charge Until The Deal Is Done
- Charge Based On Risk, Not Lender’s Fee
- No Undisclosed Lender’s Finder Free
- No Financial Product Up-Selling
Same Day Approval
As soon as your loan is approved, we will ensure the money is transferred to your lawyer straight away so that you don’t face any unnecessary delays.
No Charge Until The Deal Is Done
Because we value our customers, you won’t face any charges until your loan agreement is fully approved and the loan is already on its way to your account.
Charge Based On Risk, Not Lender’s Fee
Unlike other mortgage brokers, who aren’t always completely upfront, our charge is based on the risk associated with your loan, not on any undeclared finder’s fees.
No Undisclosed Lender’s Finder Free
We offer a service that is totally transparent and, as far as possible, operates in consultation with you, which is why we will never impose undisclosed finder’s fees on you.
No Financial Product Up-Selling
Our approach to business is based on trust and integrity, so we won’t try to attach any financial products to your loan agreement that you don’t need.
Testmonials
Anna Myers
After having dealt with different mortgage brokers for my bad credit mortgage issues, I have to say Rala investments had the quickest and the easiest process to deal with. There was never the problem of them requesting documents repeatedly from me after every process. Everything was done in a single shot and I was given regular updates on the progress. The service was prompt and quick.
John Alexander
Thank you Allan for helping me throughout my mortgage process. Your straight forward and balanced opinions gave me a sense of security and confidence. I also have to mention how quickly you responded to my queries and requests even on your days off. I will definitely recommend your service to my friends and family.
Case Studies
Same Day Car Loan With Bad Credit
Fiona is a single mother in her early fifties. She wants to but a compact car that she can share with her oldest daughter, who is in full-time study. Fiona has good overall finances - she had been steadily employed for more than a decade. However, her credit score is bad because - a number of years ago and for a variety of reasons - she was forced to file for bankruptcy. Despite the fact that the bankruptcy is well in the past, her poor credit score has made it difficult for her to secure a loan to buy a new car. That’s when she decided to contact Rala.
Read MoreLoan for starting a business with Bad Credit
John has spent the bulk of his working life in the transport sector. But he recently retrained so he could get a new job in manufacturing. The shift has been really positive for him, and his new experience has given him a business idea. John’s dream is to run his own company, so he started putting together a blueprint for his own small business.
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Tips & Strategies
Finding The Right Loan For You
Being rejected by mainstream lenders doesn’t mean you should be deprived of a loan that meets your needs
Talk to Us